How Do I Close on a Home and Move Before the End of the Year?

There’s no doubt that many people are thinking about the holidays, and moving is far from their minds. However, now can be an excellent time to make a move. While existing mortgage rates have been quite low, there has been some movement to suggest that mortgages could start to climb after the new year. Additionally, with fewer buyers on the market, you have a perfect opportunity to make a quick decision and purchase the home of your dreams.

Why Move Now?

Many sellers are anxious to sell their home before the end of the year, and you can use this motivation to help you not only get a great deal on your new home, but it can also be to your advantage when it comes to negotiating a closing date or other terms of the purchase contract. For example, if the buyer is anxious to sell, you could negotiate a closing date that will get you into the house before the end of the year.

If you are interested in moving before the new year, now is the time to act. You have a lot to do including finding the right home, performing inspections, getting a mortgage approved, and closing on the home. Working with a professional real estate agent will ensure that the entire process is handled as smoothly as possible.

Why is Pre-Approval Important?

One thing you can do now to help move the process along is contact a lender. Whether it’s a mortgage company, bank, or another form of financing, now is the time to get pre-approved. With a pre-approval letter from your lender, you will already know exactly how much you’re qualified to purchase. More importantly, you won’t waste time looking at properties that aren’t in your price range.

Another important reason to get pre-qualified is that it sends a message to the seller that you are a serious buyer who is ready to take fast action. The seller won’t have to worry about whether the offer will fall through because you aren’t able to secure the necessary financing. Additionally, because you’ve started the paperwork beforehand, it’s one less thing that could potentially slow down the process once you’ve found your dream home.

Why Trust a Professional Real Estate Agent?

As you’re searching for the perfect home, trust a professional real estate agent to find properties that meet your specific needs and budget. They will also be able to help with property comparables, scheduling inspections, presenting a purchase offer, negotiations, closing, and numerous other details that can pop-up as you work your way toward the final closing on your new home.

Moving can be stressful under any circumstances, but if you’re in a hurry and want to move by the end of the year, it is definitely possible. Working with professionals and making sure you take some time for yourself can help ease the stress. Contact us today to start planning!